It seems you have JavaScript disabled.

Ummm.. Yeah... I'm going to have to ask you to turn Javascript back on... Yeah... Thanks.

Toll Kings at Trader’s Narrative




Toll Kings


Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76



Barronstollcover.png

This week, Barron’s did a cover story on companies that build and operate public highways.

Although toll roads are relatively few and far in between to North America, they are a normal feature of the landscape in Europe and Australia. That would explain why all the companies discussed in Barron’s article are from outside North America:




The charts for the Australian companies are a mess so I won’t even bother with them. Here are the European ones:

autostrade.png

Autostrade seems to have been able to clear the congestion for all of last year. The question is whether it can hold these new levels. If it can pull back and stay above 22 Euros, then there’s a good chance the break out was real. Remember that Autostrade and Abertis have tied the knot (pdf press release).

abertis.png

Abertis peaked last year and has pulled back to form a bull flag. But if you squint hard the chart almost looks like a head and shoulders… so I’d really be careful of this one.

cintra.png

Cintra is in a bit of congestion and it seems to be coiling. I’d watch that red support line. A decisive close below that would mean its not going anywhere in the vicinity of north.

Enjoyed this? Don't miss the next one, grab the feed  or 

                               subscribe through email:  

No Responses to “Toll Kings”  

  1. No Comments

Leave a Reply